OSE Appoints KVH as Proximity Vendor for Derivatives Trading System
Jun 04, 2010 (Close-Up Media via COMTEX) -- KVH, a provider of IT and communications in Japan, announced that "KVH Proximity Hosting Service" has been selected by the Osaka Securities Exchange (OSE) as the connectivity service for the new OSE Derivatives Trading System.
With this selection from the OSE, KVH will be the underlying service provider for "OSE Proximity," a connectivity environment within KVH's Tokyo Data Center dedicated to High-Frequency Trading*1 for OSE trading members.
OSE's new derivatives trading system, to be introduced during the first quarter (January to March) of 2011, will feature order processing capabilities to meet the needs of high-performance, ultra-high-speed electronic trading. By using "OSE Proximity," trading members will be able to implement a trading environment at an OSE designated data center like KVH's Tokyo Data Center and connect to the OSE Derivative Main Center via a high-speed LAN.
"For connectivity with the new derivatives trading system, OSE focuses on speed, scalability, and reliability," said Yamazawa, Managing Director of OSE. "OSE highly evaluates KVH's experience in connecting with exchanges, ultra-low latency network, highly secure data center, and bilingual support." "We are very encouraged that OSE has selected KVH Proximity Hosting Service for access to the new OSE derivatives trading system," said Miyuki Suzuki, President and CEO of KVH. "With its ultra-low latency network, hosting environment, and bilingual capabilities, KVH hopes to play a key role in the OSE derivative trading market's growth in the Asia market." The selection of KVH for "OSE Proximity" positions KVH as a service provider offering global High-Frequency Trading environments. Leveraging KVH high-speed optical fiber networks and KVH Tokyo Data Center located close to domestic exchanges, "KVH Proximity Hosting Service" provides a complete hosting environment well-suited for ultra-low latency trading transactions with multiple exchanges from a single location.
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